For which of you, intending to build a tower, does not sit down first and count the cost, whether he may have enough to finish it; lest perhaps, after he has laid the foundation and is not able to finish, all those seeing begin to mock him, saying, This man began to build and was not able to finish. Luke 14:28-30
Earlier this week I wrote a post about how important it is to plan ahead, to save for the things you need to buy, and how much more satisfaction you’ll get when you do that. Today’s verse speaks to the importance of counting the costs of the things we buy, and planning ahead for those costs.
The verse says, “which of you intending to build a tower, does not sit down first and count the cost..”. We could easily change that verse to apply to today saying something like, “which of you, intending to buy a car, does not sit down first and count the cost”?
So many people just approach their finances passively, allowing things to happen to them. Instead of planning ahead, saving up for a car and being ready when the time comes to buy a new one, instead they drive their old car until it completely dies, and then when the time comes they buy an expensive brand new car (more than they can afford), financed at a high rate of interest. They didn’t count the cost, and now they’ll paythe price.
B e active with your finances, count the costs, plan ahead, and you’ll be much better off when the time comes to buy the things you need.
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{ 2 comments… read them below or add one }
Thanks for the post and the reminder to plan ahead. I see this all the time in my line of work dealing with clients. Planning ahead is best achieved with a written plan. Studies show that writing down you goals proves to be more effective than just thinking about them. Same with PF, when you write down your financial goals or even count the costs on paper and come up with a strategy, you have a much higher rate of success!
Redeeming Riches’s last blog post..Friday Finance Round Up – July 10, 2009
This is some of the greatest financial advice one can get. Saving up for purchases before you need them, is not only wise… it is also INCREDIBLY liberating!
It gives you a feeling of joy and gives you confidence toward God… that you are being a good steward with the blessings He has given you.
Thanks for the reminder Pete.
Matt Jabs´s last blog ..Emergency Fund Is For Emergencies ONLY – 6 Ways To Leave It Alone